CoreWeave (NASDAQ:CRWV) Shares Down 8.4% - Time to Sell?

Key Points

• CoreWeave Inc. (NASDAQ: CRWV) saw its share price decline by 8.4% during mid-day trading, with the stock reaching a low of $115.14 and experiencing a 21% drop in trading volume.
• Analysts have mixed ratings for CoreWeave, with price targets ranging from $120.00 to $180.00 following various upgrades and downgrades; the consensus price target stands at $127.64.
• Major shareholder Magnetar Financial sold 191,331 shares at an average price of $135.65, indicating a notable reduction in their stake, while insider trades have totaled over 36 million shares sold recently.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s share price fell 8.4% during mid-day trading on Tuesday . The stock traded as low as $115.14 and last traded at $115.75. 18,141,293 shares traded hands during trading, a decline of 21% from the average session volume of 22,956,711 shares. The stock had previously closed at $126.32.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CRWV. Stifel Nicolaus lifted their price target on CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Melius upgraded CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price target for the company in a report on Tuesday, September 23rd. Arete upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a report on Thursday, August 21st. Weiss Ratings reiterated a "sell (d+)" rating on shares of CoreWeave in a report on Tuesday, October 14th. Finally, Citizens Jmp raised CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 price objective on the stock in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, CoreWeave presently has an average rating of "Moderate Buy" and a consensus price target of $127.64.

CoreWeave Stock Down 8.4%

The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $56.55 billion and a P/E ratio of -101.54. The firm has a 50-day moving average price of $122.43 and a two-hundred day moving average price of $116.03.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million for the quarter. The company's revenue for the quarter was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Buying and Selling

In other news, major shareholder Magnetar Financial Llc sold 191,331 shares of the business's stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $135.65, for a total transaction of $25,954,050.15. Following the sale, the insider directly owned 853,869 shares in the company, valued at approximately $115,827,329.85. The trade was a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian M. Venturo sold 281,250 shares of the business's stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $137.80, for a total value of $38,756,250.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 36,604,188 shares of company stock worth $4,576,093,275.

Institutional Trading of CoreWeave

Institutional investors and hedge funds have recently modified their holdings of the company. Costello Asset Management INC boosted its stake in CoreWeave by 33.3% in the second quarter. Costello Asset Management INC now owns 400 shares of the company's stock worth $65,000 after purchasing an additional 100 shares in the last quarter. Chilton Capital Management LLC lifted its stake in shares of CoreWeave by 50.2% during the third quarter. Chilton Capital Management LLC now owns 362 shares of the company's stock valued at $50,000 after acquiring an additional 121 shares during the period. Family Legacy Financial Solutions LLC lifted its stake in shares of CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock valued at $27,000 after acquiring an additional 125 shares during the period. CoreCap Advisors LLC lifted its stake in shares of CoreWeave by 29.6% during the third quarter. CoreCap Advisors LLC now owns 644 shares of the company's stock valued at $88,000 after acquiring an additional 147 shares during the period. Finally, Pittenger & Anderson Inc. lifted its stake in shares of CoreWeave by 36.0% during the third quarter. Pittenger & Anderson Inc. now owns 680 shares of the company's stock valued at $93,000 after acquiring an additional 180 shares during the period.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.

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